ADVIONICS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
ADVIONICS
NACE 26.110, Manufacture of computer, electronic and optical products
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.6m
2024 · €5.9m+€1.8m
Equity
€11.9m
2024 · €15.2m-€3.3m
Cash
€3.7m
2024 · €5.1m-€1.4m
Balance sheet total
€50.9m
2024 · €45.0m+€5.9m
Largest movements
Assets
- Tangible fixed assets +€4.5m
up €4.5m (+102.1%), from €4.4m to €8.8m
of which Land and buildings: +€3.1m
- Receivables within one year +€2.2m
up €2.2m (+40.5%), from €5.4m to €7.6m
of which Trade receivables: +€2.4m
- Stocks and contracts +€1.8m
up €1.8m (+7.2%), from €25.1m to €26.9m
of which Contracts in progress: +€2.3m
- Financial fixed assets -€1.7m
down €1.7m (-38.9%), from €4.3m to €2.6m
of which Affiliated companies: -€1.7m
- Cash -€1.4m
down €1.4m (-27.9%), from €5.1m to €3.7m
mainly Contributions, distributions and other (-€11.0m) and Investment in fixed assets (net) (-€4.6m)
Equity and liabilities
- Debts after one year +€6.5m
up €6.5m (+191.3%), from €3.4m to €9.9m
- Profit (loss) carried forward -€3.3m
down €3.3m (-30.2%), from €10.8m to €7.5m
- Other debts +€2.5m
up €2.5m (+166.7%), from €1.5m to €4.0m
- Tax, wage and social debts +€877,892
up €877,892 (+27.4%), from €3.2m to €4.1m
of which Remuneration and social security: +€728,363
- Advances received -€564,359
down €564,359 (-3.7%), from €15.3m to €14.7m
Income statement
- Turnover +€7.7m
up €7.7m (+17.6%), from €43.8m to €51.5m
- Goods and materials +€4.0m
up €4.0m (+20.8%), from €19.3m to €23.3m
of which Change in stocks: decrease (increase): +€3.9m
- Staff costs +€1.9m
up €1.9m (+13.7%), from €14.0m to €16.0m
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€5.9m
Turnover
+€7.7m
Other operating income
-€44,495
Goods and materials
-€4.0m
Services and other goods
-€343,418
Staff costs
-€1.9m
Depreciation
-€216,312
Write-downs
-€113,281
Other operating charges
+€19,937
Other operating items
+€100,889
Financial income
+€85,815
Financial charges
+€78,594
Taxes
+€443,054
Deferred taxes and other
-€1
Result 2025
€7.6m
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€7.7m
Investment
-€4.6m
Financing
-€4.6m
Cash 2024
€5.1m
From operations (derived)
+€7.7m
Net result for the year
+€7.6m
Depreciation
+€1.4m
Stocks and contracts
-€1.8m
Receivables within one year
-€2.2m
Deferred charges and accrued income
-€62,055
Provisions
-€28,695
Trade debts
+€66,086
Tax, wage and social debts
+€877,892
Advances received
-€564,359
Other debts
+€2.5m
Accrued charges and deferred income
-€58,756
Investment (derived)
-€4.6m
Investment in fixed assets (net)
-€4.6m
Financing
-€4.6m
Debts after one year
+€6.5m
Current portion of long-term debt
-€96,422
Contributions, distributions and other
-€11.0m
Cash 2025
€3.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,028,453 | €50,901,620 | +€5.9m | +13.0% |
| Fixed assets | 21/28 | €9,281,201 | €12,529,827 | +€3.2m | +35.0% |
| Intangible fixed assets | 21 | €640,539 | €1,078,170 | +€437,631 | +68.3% |
| Tangible fixed assets | 22/27 | €4,377,321 | €8,846,169 | +€4.5m | +102.1% |
| Land and buildings | 22 | €625,536 | €3,759,349 | +€3.1m | +501.0% |
| Plant, machinery and equipment | 23 | €2,655,920 | €3,659,168 | +€1.0m | +37.8% |
| Furniture and vehicles | 24 | €605,096 | €843,606 | +€238,510 | +39.4% |
| Leasing and similar rights | 25 | €448,420 | €407,730 | -€40,690 | -9.1% |
| Assets under construction and advance payments | 27 | €42,349 | €176,316 | +€133,967 | +316.3% |
| Financial fixed assets | 28 | €4,263,341 | €2,605,488 | -€1.7m | -38.9% |
| Affiliated companies | 280/1 | €4,261,606 | €2,603,753 | -€1.7m | -38.9% |
| Amounts receivable | 281 | €4,261,606 | €2,603,753 | -€1.7m | -38.9% |
| Other financial fixed assets | 284/8 | €1,735 | €1,735 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,735 | €1,735 | = | 0.0% |
| Current assets | 29/58 | €35,747,252 | €38,371,793 | +€2.6m | +7.3% |
| Stocks and contracts in progress | 3 | €25,109,903 | €26,918,690 | +€1.8m | +7.2% |
| Stocks | 30/36 | €12,650,146 | €12,151,538 | -€498,608 | -3.9% |
| Raw materials and consumables | 30/31 | €12,650,146 | €12,151,538 | -€498,608 | -3.9% |
| Contracts in progress | 37 | €12,459,757 | €14,767,152 | +€2.3m | +18.5% |
| Amounts receivable within one year | 40/41 | €5,400,259 | €7,589,053 | +€2.2m | +40.5% |
| Trade receivables | 40 | €5,131,238 | €7,566,613 | +€2.4m | +47.5% |
| Other amounts receivable | 41 | €269,021 | €22,440 | -€246,581 | -91.7% |
| Cash at bank and in hand | 54/58 | €5,145,674 | €3,710,579 | -€1.4m | -27.9% |
| Deferred charges and accrued income | 490/1 | €91,416 | €153,471 | +€62,055 | +67.9% |
| Total equity and liabilities | 10/49 | €45,028,453 | €50,901,620 | +€5.9m | +13.0% |
| Equity | 10/15 | €15,233,369 | €11,892,003 | -€3.3m | -21.9% |
| Contributions | 10/11 | €3,505,479 | €3,505,479 | = | 0.0% |
| Capital | 10 | €3,505,479 | €3,505,479 | = | 0.0% |
| Issued capital | 100 | €3,505,479 | €3,505,479 | = | 0.0% |
| Reserves | 13 | €960,895 | €874,812 | -€86,083 | -9.0% |
| Non-distributable reserves | 130/1 | €350,548 | €350,548 | = | 0.0% |
| Legal reserve | 130 | €350,548 | €350,548 | = | 0.0% |
| Tax-exempt reserves | 132 | €610,347 | €524,264 | -€86,083 | -14.1% |
| Profit (loss) carried forward | 14 | €10,766,995 | €7,511,712 | -€3.3m | -30.2% |
| Provisions and deferred taxes | 16 | €112,542 | €83,847 | -€28,695 | -25.5% |
| Deferred taxes | 168 | €112,542 | €83,847 | -€28,695 | -25.5% |
| Amounts payable | 17/49 | €29,682,542 | €38,925,770 | +€9.2m | +31.1% |
| Amounts payable after more than one year | 17 | €3,407,605 | €9,926,392 | +€6.5m | +191.3% |
| Financial debts | 170/4 | €3,407,605 | €9,926,392 | +€6.5m | +191.3% |
| Leasing and similar obligations | 172 | €81,158 | - | -€81,158 | |
| Credit institutions | 173 | €3,326,447 | €9,926,392 | +€6.6m | +198.4% |
| Amounts payable within one year | 42/48 | €26,198,950 | €28,982,147 | +€2.8m | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €177,581 | €81,159 | -€96,422 | -54.3% |
| Trade debts | 44 | €6,049,491 | €6,115,577 | +€66,086 | +1.1% |
| Suppliers | 440/4 | €6,049,491 | €6,115,577 | +€66,086 | +1.1% |
| Advances received on contracts in progress | 46 | €15,270,104 | €14,705,745 | -€564,359 | -3.7% |
| Taxes, remuneration and social security | 45 | €3,201,774 | €4,079,666 | +€877,892 | +27.4% |
| Taxes | 450/3 | €984,012 | €1,133,541 | +€149,529 | +15.2% |
| Remuneration and social security | 454/9 | €2,217,762 | €2,946,125 | +€728,363 | +32.8% |
| Other amounts payable | 47/48 | €1,500,000 | €4,000,000 | +€2.5m | +166.7% |
| Accrued charges and deferred income | 492/3 | €75,987 | €17,231 | -€58,756 | -77.3% |
| Operating income | 70/76A | €47,711,652 | €55,494,424 | +€7.8m | +16.3% |
| Turnover | 70 | €43,786,474 | €51,482,006 | +€7.7m | +17.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,525,168 | €2,306,662 | -€218,506 | -8.7% |
| Own construction capitalised | 72 | €540,355 | €890,596 | +€350,241 | +64.8% |
| Other operating income | 74 | €859,655 | €815,160 | -€44,495 | -5.2% |
| Operating charges | 60/66A | €40,328,080 | €46,947,528 | +€6.6m | +16.4% |
| Goods for resale, raw materials and consumables | 60 | €19,317,031 | €23,333,450 | +€4.0m | +20.8% |
| Purchases | 600/8 | €22,718,618 | €22,824,197 | +€105,579 | +0.5% |
| Change in stocks: decrease (increase) | 609 | -€3,401,587 | €509,253 | +€3.9m | |
| Services and other goods | 61 | €5,764,239 | €6,107,657 | +€343,418 | +6.0% |
| Remuneration, social security and pensions | 62 | €14,039,975 | €15,959,084 | +€1.9m | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,150,640 | €1,366,952 | +€216,312 | +18.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€124,659 | -€11,378 | +€113,281 | +90.9% |
| Other operating charges | 640/8 | €89,464 | €69,527 | -€19,937 | -22.3% |
| Non-recurring operating charges | 66A | €91,390 | €122,236 | +€30,846 | +33.8% |
| Operating profit (loss) | 9901 | €7,383,572 | €8,546,896 | +€1.2m | +15.8% |
| Financial income | 75/76B | €407,620 | €493,435 | +€85,815 | +21.1% |
| Recurring financial income | 75 | €407,620 | €493,435 | +€85,815 | +21.1% |
| Income from financial fixed assets | 750 | €238,497 | €272,147 | +€33,650 | +14.1% |
| Income from current assets | 751 | €54,751 | - | -€54,751 | |
| Other financial income | 752/9 | €114,372 | €221,288 | +€106,916 | +93.5% |
| Financial charges | 65/66B | €676,915 | €598,321 | -€78,594 | -11.6% |
| Recurring financial charges | 65 | €676,915 | €590,555 | -€86,360 | -12.8% |
| Debt charges | 650 | €462,512 | €411,762 | -€50,750 | -11.0% |
| Other financial charges | 652/9 | €214,403 | €178,793 | -€35,610 | -16.6% |
| Non-recurring financial charges | 66B | - | €7,766 | +€7,766 | |
| Profit (loss) for the period before taxes | 9903 | €7,114,277 | €8,442,010 | +€1.3m | +18.7% |
| Transfer from deferred taxes | 780 | €28,695 | €28,694 | -€1 | 0.0% |
| Income taxes | 67/77 | €1,281,571 | €838,517 | -€443,054 | -34.6% |
| Taxes | 670/3 | €1,293,067 | €852,885 | -€440,182 | -34.0% |
| Tax adjustments and reversals of tax provisions | 77 | €11,496 | €14,368 | +€2,872 | +25.0% |
| Profit (loss) for the period | 9904 | €5,861,401 | €7,632,187 | +€1.8m | +30.2% |
| Transfer from tax-exempt reserves | 789 | €86,083 | €86,083 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,947,484 | €7,718,270 | +€1.8m | +29.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.